CSR extends deadline for Microchip bid

Sarah Spickernell is an Online Writer at City A.M. She can be contacted at sarah.spickernell@cityam.com. She is particularly passionate about: Science, healthcare and technology

Follow Sarah

Sarah Spickernell

It is not the first time the Cambridge-based firm has been approached by Microchip (Source: Getty)

Cambridge Silicon Radio (CSR) has extended the deadline for US company Microchip Technology to make a takeover bid.

The British silicon chip designer and software company had originally set the deadline at 5pm today, but Microchip now has until 5pm on 15 October to come to a decision on whether it will make an offer.

The extension was made “to enable the parties to conclude their ongoing discussions,” according to a statement released by CSR this morning.

"There can be no certainty that an offer will be made nor as to the terms on which any offer might be made,” it continued. CSR has not given any details on its plans.